Tokyo beats New York in record quarter for Japan real estate investment

Tokyo beats New York in record quarter for Japan real estate investment Tokyo beats New York in record quarter for Japan real estate investment

TOKYO — Real estate investment in Japan reached a quarterly record of 2.1 trillion yen ($14.6 billion) for Janu-March, with Tokyo leading global cities, as overseas investors took advantage of relatively low interest rates to snap up big properties.

Investment nationwide rose 23% on the year, data from Jones Lang LaSalle (JLL) shows, topping 2 trillion yen for the first time since the survey began in 2007.